ManTech to acquire security and intelligence unit
- September 30, 2010
Fairfax-based ManTech International plans to acquire the security and intelligence business of QinetiQ North America for $60 million.
The Security and Intelligence Solutions unit (S&IS) is expected to produce $60 million in revenue this year. The business is based in Fairfax and has a major presence in Huntsville, Ala. .
Its customers include the U.S. Department of Defense and various intelligence agencies.
S&IS recently secured a prime position on a five-year, Missile Defense Agency Engineering and Support Services contract worth up to $365 million.
When the acquisition is completed, S&IS will be integrated with ManTech’s Mission, Cyber and Technology Solutions group.